Mountain City FORECLOSURE LISTINGS

The market is booming! Find an affordable home through our foreclosure listings in Mountain City, Tennessee.

Total: 7
BD: BH: Min Price:Max Price:
# Photo Address City State Zip Type BD BH Price Details
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VALLEY VIEW DR Mountain City TN 37683 Auctions 3 1 $17,304.00 Details
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CHESTNUT DR Mountain City TN 37683 Auctions 3 1 - Details
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FOX HOLLOW RD Mountain City TN 37683 Foreclosures 3 1 $6,557.00 Details
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D CURD LN Mountain City TN 37683 Foreclosures 3 2 $87,550.00 Details
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VALLEY ST Mountain City TN 37683 Foreclosures 3 1 $44,900.00 Details
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COPPERHEAD HOLLOW RD Mountain City TN 37683 Foreclosures 4 2 $43,299.00 Details
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JOHNSON HOLLOW RD LOT 1-11 Mountain City TN 37683 Foreclosures - - $99,900.00 Details
About our Listings

How to Buy Mountain City Foreclosures

How to buy foreclosures

Buying real estate foreclosures in Mountain City, TN starts with finding listings. By browsing Mountain City foreclosure lists, you can find all kinds of properties either scheduled for sale at public foreclosure auctions or available directly from banks (known as bank-owned or REO homes). The foreclosure process moves quickly, but as long as you give yourself time to research the home that interests you, you can find fantastic deals when you buy foreclosures in Mountain City, TN.

>> See more info about how to Buy foreclosures

How to Invest in Mountain City Foreclosures

How to invest foreclosure

Mountain City foreclosure homes are perfect for property investors because they can be purchased for below their actual market value right off the bat. To find the best Mountain City real estate investing bargains, you'll have to assess several properties and decide which has the most potential for Mountain City foreclosure investment value. Remember, real estate investing isn't just about getting the lowest price, it's about buying desirable home in locations with the potential for future value. Don't buy the first thing you see at Mountain City foreclosure short sales, wait for the right property at the right price.

>> See more info about how to invest in foreclosures

Types of Foreclosures in Mountain City

Foreclosure home

Foreclosures happen on all kinds of real estate, so a list of foreclosed homes in Mountain City will have all kinds of opportunities. In addition to single family homes, you'll find lots of duplex, triplex, and multi family homes, which are great for investing. You'll find upscale townhouse and lofts, and all kinds of houses and condo foreclosures in Mountain City, TN. There are even chances to buy land, farms, and ranches, sites for mobile homes, and Mountain City apartments for sale at great discounts ll over the city. Whether you're looking for commercial or residential property, the possibilities are endless.

>> Learn more about foreclosures

Tennessee Foreclosure Laws

Foreclosure law

Tennessee real estate foreclosures generally are non-judicial foreclosures, meaning that real estate brokers are allowed to pursue a foreclosure on a homeowner in default without first getting a court approval. Before distressed properties in Tennessee can be sold as foreclosure houses, a lender must issue a Notice of Default and give the homeowner 60 days to pay their debt. After that time, a sale can be scheduled for no less than 21 days in the future. If a home does not sell at auction, the lender takes control of the property; these are known as Tennessee REO properties.

Mountain City Banks Foreclosures

Bank Foreclosure

Mountain City bank owned homes can be a great way for buyers to find cheap properties. When bank foreclosures in Mountain City, TN are not sold through a foreclosure auction, they become REO homes that are under the bank's control. Buyers must then approach banks and make offers on Mountain City bank owned foreclosures. These offers are either accepted or rejected. For this reason, many people find buying bank owned homes for sale in Mountain City Tennessee to be similar to buying from an agent. Check our Mountain City bank foreclosure listings and find discount properties.

>> See more info about bank foreclosures

Mountain City Government Foreclosures

Government Foreclosure

Mountain City Government homes are usually foreclosures with government-sponsored mortgages, but they can also be the result of a repossession due to a government tax lien. Most commonly you'll find homes from agencies like Freddie Mac, Fannie Mae, and the USDA, which are federal homes mortgage sponsors. Like like all lenders, they offer foreclosures for sale to the public. HUD homes in Mountain City TN are another popular type of foreclosure, as are VA foreclosures in Mountain City, which are available from the Veterans Affairs Department for especially great deals. Check our Mountain City government foreclosure listings.

>> See more info about govermment foreclosures

Mountain City Pre-Foreclosures

Foreclosure

PreForeclosures in Mountain City are properties that are in default, but have not yet gone to foreclosure sale. The foreclosure period begins when the homeowner is issued a Mountain City Lis Pendens, or Notice of Default. In some cases, the homeowner may attempt to pay off their debt during this time, but bankruptcies are also often declared. Law requires that bankruptcy homes and pre foreclosures must be in the pre foreclosure stage for at least 60 days before a foreclosure auction can be scheduled, but it can still takes weeks or months for a sale to occur.

>> See more info about pre-foreclosures

Mountain City Foreclosure Auctions

Foreclosure Auction

Most Mountain City foreclosed homes are sold through Sheriff auctions. These auctions are fantastic ways to find cheap houses for sale, often at up to 50% off market value. Anyone can bid at foreclosure auctions in Mountain City, and the auction is overseen by the Sheriff's office or a trustee. Be sure to secure financing before you attend an auction, because a down payment on the winning bid will be required after the sale ends. Auctions are the most common and sought after way to buy repo homes in Mountain City, TN. We offer a comprehensive Mountain City foreclosure auction listings.

>> See more info about foreclosure auctions

Top Zip Codes in Mountain City, Tennessee

Find Home Foreclosure Listings in Mountain City, TN

Mountain City foreclosure listings are your ticket to the lowest prices on real estate in the city, and there's no better source for them than ForeclosureListingsNationwide.com. With our constantly updated database of foreclosure listings in Mountain City, TN and easy-to-use search tools, finding the properties you want is fast and effective. Spend more time comparing Los Angeles apartment foreclosures, houses for sale or investment foreclosure properties and let us take care of the hard work! Use ForeclosureListingsNationwide.com to find bankruptcy houses for sale in Mountain City Tennessee, best affordable foreclosure condo in Mountain City, cheap apartments for sale, bargain foreclosed homes for sale in Mountain City, TN and earn huge savings on the homes YOU want to buy!

Our Mountain City Foreclosure Lists

You can find Mountain City foreclosure homes for sale which you can buy for living or investment. Simply click through our Mountain City foreclosure home listings to find government foreclosures and bank owned homes in Mountain City area. If you're searching for a deep discount or low prices on real estate then searching our Mountain City foreclosure lists for homes foreclosure for sale or short sale listing in Mountain City is your answer. Our up-to-date Mountain City short sale listings provide the latest investing opportunities on affordable Mountain City bank owned property listings, government pre foreclosure lists, Mountain City banrkuptcy homes and Mountain City HUD repossessed homes for sale which can be found at below market value. With our massive foreclosure list in Mountain City, you should have little trouble finding the cheapest deal on a foreclosed home in Mountain City, Tennessee.

You can also search Laurel Bloomery foreclosure listings and Butler foreclosure listings for more properties in the neighboring area.



Mountain City, TN

As of 2011, Mountain City's population is 2,444 people. Since 2000, it has had a population growth of 2. 60 percent. The median home cost in Mountain City is $105,100. Home appreciation the last year has been -0. 33 percent. Compared to the rest of the country, Mountain City's cost of living is 15. 00% Lower than the U. S. average. Mountain City public schools spend $4,878 per student. The average school expenditure in the U. S. is $5,678. There are about 14. 9 students per teacher in Mountain City. The unemployment rate in Mountain City is 13. 20 percent(U. S. avg. is 9. 10%). Recent job growth is Positive. Mountain City jobs have Increased by 1. 52 percent. Average Commute time is 27 minutes. The National Average is 28 minutes.

Peoplemountain-city, tnUS
Population2,444307,829,557
Pop Density69887
Pop Change2.60%9.34%
Median Age43.636.6
Households1,105116,329,167
Household Size2.152.58
Male Population48.65%49.31%
Female Population51.35%50.69%
Married Population43.64%47.15%
Single Population56.36%52.85%
Estimated Households By Household Incomemountain-city, tnUS
Income Less Than 15k31.40%12.10%
Income Between 15k And 25k17.51%10.18%
Income Between 25k And 35k11.71%10.56%
Income Between 35k And 50k14.61%14.98%
Income Between 50k And 75k11.80%19.53%
Income Between 75k And 100k6.53%12.52%
Income Between 100k And 150k3.35%12.14%
Income Between 150k And 250k1.27%3.91%
Income Between 250k And 500k1.63%3.34%
Income Greater Than 500k0.18%0.75%
Economymountain-city, tnUS
Unemployment Rate13.20%9.10%
Recent Job Growth1.52%-0.12%
Future Job Growth29.84%31.25%
Sales Taxes8.50%6.80%
Income Taxes0.00%6.25%
Income Per Cap$18,372$27,067
Household Income$25,900$52,954
Housingmountain-city, tnUS
Median Home Age33.735.1
Median Home Cost$105,100$175,100
Home Appreciation-0.33%-3.15%
Homes Owned59.50%59.90%
Housing Vacant10.91%10.37%
Homes Rented29.59%29.73%
Property Tax Rate$5.86$11.20
Owner Occupied Housing Units By Valuemountain-city, tnUS
Less Than 20k6.66%2.65%
20k To 399997.47%3.76%
40k To 599998.83%4.99%
60k To 7999911.68%6.01%
80k To 9999912.64%7.27%
100k To 14999927.58%19.24%
150k To 1999999.10%14.67%
200k To 2999998.56%18.09%
300k To 3999994.76%9.14%
400k To 4999991.36%4.94%
500k To 7499991.22%5.42%
750k To 9999990.00%2.03%
1kk Or More0.14%1.77%
Educationmountain-city, tnUS
School Expend$4,878$5,678
Pupil Teacher Ratio14.914.9
Students Per Librarian458803
Students Per Counselor441513
2 Yr College Grad5.20%7.47%
4 Yr College Grad6.07%17.42%
Graduate Degrees5.04%10.12%
High School Grads68.45%84.72%
Crimemountain-city, tnUS
Violent Crime54
Property Crime44
Housing Units By Year Structure Builtmountain-city, tnUS
1999 To 20057.92%13.71%
1995 To 199810.93%8.54%
1990 To 19948.71%5.77%
1980 To 198913.74%13.87%
1970 To 197922.23%16.17%
1960 To 196911.40%11.70%
1950 To 19598.41%11.08%
1940 To 19496.95%6.02%
1939 Or Earlier9.70%13.15%

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